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"Through the acquisition of the assets from NaviSite, we are furthering our vision, adding to our data center strategy, and providing capacity for the expected growth of customers on the xStream platform," Virtustream CEO Kevin Reid said in a statement. xStream is the brand name of the buyer's cloud offering.
The facilities in questions are located in San Francisco and Vienna, Va. All customers at the two locations, except those using NaviSite's managed hosting services, will now be served by the properties' new owner. The seller will continue providing services to the managed hosting customers.
Colocation customers (all except managed-hosting customers) in the two facilities have generated about $3.9 million in trailing annual revenue and a trailing gross margin loss of $0.5 million per year, according to a NaviSite news release.
The seller has been making efforts to divest its "colocation-only" data centers, hoping to complete the shedding by the end of fiscal 2010 (around end of July). The company's CEO Arthur Becker told DatacenterDynamics earlier this month that there were about six such facilities left to get rid of, which means there are now about four.
Data centers are not the only thing NaviSite is selling. In February, the company sold some of its managed application service businesses to Velocity for $56 million.
"Through the acquisition of the assets from NaviSite, we are furthering our vision, adding to our data center strategy, and providing capacity for the expected growth of customers on the xStream platform," Virtustream CEO Kevin Reid said in a statement. xStream is the brand name of the buyer's cloud offering.
The facilities in questions are located in San Francisco and Vienna, Va. All customers at the two locations, except those using NaviSite's managed hosting services, will now be served by the properties' new owner. The seller will continue providing services to the managed hosting customers.
Colocation customers (all except managed-hosting customers) in the two facilities have generated about $3.9 million in trailing annual revenue and a trailing gross margin loss of $0.5 million per year, according to a NaviSite news release.
The seller has been making efforts to divest its "colocation-only" data centers, hoping to complete the shedding by the end of fiscal 2010 (around end of July). The company's CEO Arthur Becker told DatacenterDynamics earlier this month that there were about six such facilities left to get rid of, which means there are now about four.
Data centers are not the only thing NaviSite is selling. In February, the company sold some of its managed application service businesses to Velocity for $56 million.